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U.K. House-Price Growth Reaches 7-Year High Amid London Boom

U.K. house-price growth accelerated in April as a surge in London pushed the annual increase to the most since before the financial crisis struck, according to Nationwide Building Society.

The average value of a home increased 1.2 percent from March to 183,577 pounds ($310,000), the Swindon, England-based lender said in an e-mailed report today. That’s double the 0.6 percent median forecast in a Bloomberg survey of economists. Prices jumped 10.9 percent from a year earlier, the biggest annual gain since June 2007.